Company Profile
Oro Silver Resources Ltd. was founded in 2006 to explore and develop advanced stage silver projects located in the western hemisphere. The company’s goal is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on projects with known silver resources that exhibit potential for expansion. The company seeks to create value in two ways: (1) by expanding known silver resources through a systematic exploration and development plan, and (2) by optimizing production processes, thereby increasing recovery rates and maximizing return on investment. The company is led by a highly experienced, dedicated senior management team. Many members previously enjoyed successful careers with Placer Dome, where their collective efforts were directly associated with numerous discoveries, and the significant expansions of numerous world class mines. This management expertise is complemented by a vast network of local contacts, through which Oro Silver has direct access to many silver-based opportunities located in historically significant silver districts.
Event
On May 13th, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to a Non-Brokered Private Placement April 10, 2008 and amended April 25, 2008, by ORO SILVER RESOURCES.
Details of the Private Placement
Number of shares: 6,528,057 shares
Warrants: N/A
Number of Placees: 50 placees
Purchase Price: $0.66 per share
Private Placement Participants
Macquarie Bank Limited for 757,575 shares
Andrew Kaip for 25,000 shares (Mining Analyst with Haywood Securities)
Fitpatrick Financial Solutions Inc. (Kim & Christal Fitzpatrick) (i) for 2,400 shares
Patrick Lynch (i) for 4,750 shares
Geoffrey & Lynda Merritt (i) for 8,750 shares
Scott Nelson (i) for 4,600 shares
Greg Stevenon & Kari-Ann Colpitts (i) for 12,000 shares
Gregory J. Flower for 7,500 shares (Discretionary Portfolio Manager with Haywood Securities)
David Elliott for 200,000 shares (one of the founding members of Haywood Securities)
Wendie Elliott for 50,000 shares
David Shepherd for 100,000 shares (one of the founding members of Haywood Securities)
Lisa Stefani for 40,000 shares
(i) Account fully managed by Gregory J. Flower, Portfolio Manager
About the Macquarie Group
The Macquarie Group is a diversified international provider of financial, advisory and investment services, headquartered in Sydney, Australia. Its global headquarters are located in Sydney, and it is listed on the Australian Securities Exchange (ASX). It is the only large, majority Australian-owned investment bank. Active in Canada since the late 1990s, today the Macquarie Group has more than 400 professionals located in Toronto, Vancouver, Montreal, Calgary and Winnipeg. Macquarie's activities in Canada include specialized asset management, advisory and capital markets, financial markets and lending.
About Andrew Kaip
Andrew Kaip brings over 15 years of exploration and mining experience to his role as a Mining Analyst. Prior to joining Haywood, Andrew worked as a Chief Geologist for First Pointe Minerals Corporation where he oversaw their exploration activities in Central America. Additionally, Andrew has worked in a range of roles for a number of large-cap mining and junior exploration companies in Canada, South and Central America. These companies include Homestake Canada Inc., Corriente Resources Inc., Aurora Platinum Corp and Rubicon Minerals Corp. Andrew holds a Masters in Geology from the University of British Columbia.
About Gregory J. Flower
Greg brings wealth of experience to Haywood Securities with his strong philosophy of capital preservation, risk management, and managed growth. His education and professional experiences give strength to his investment strategies. Greg graduated from the University of Calgary with a Bachelor of Commerce, achieved his Chartered Account designation in 1982, and then established a Chartered Accountant firm (Peterson and Flower Chartered Accounts) that operated successfully from 1983 to 1988. Subsequently, Greg held the position of Assistant Auditor General of Bermuda from 1988 to 1993. While in Bermuda he obtained the Chartered Financial Analyst designation in 1992. Upon his return to Canada he began to build his financial services business and worked as an Investment Advisor from 1993 to 2000. In 2001 he achieved his long-standing goal of becoming a Portfolio Manager. Haywood became his home in the spring of 2003.
About David Elliott
David Elliott is a Vice President and Director of Haywood Securities. He works with the management team at the firm’s Vancouver office where he also oversees trading operations. David began his career in 1968 as a floor trader in Montreal, and came to Vancouver in 1970. He met John Tognetti, who would later become President and CEO of Haywood Securities, while working at Westcoast Securities in the 1970s. David came to know David Shepherd, who would later be a Director and the Secretary Treasurer of Haywood, in 1979 when the two opened a Vancouver office for the brokerage known at the time as Mead and Co. David moved from trading to sales and stayed with Mead (which became Walwyn Stodgill) until 1985. Along with John Tognetti and David Shepherd, David purchased Haywood Securities in 1985.
About David Shepherd
David Shepherd is one of the founding members of Haywood Securities and holds a key position as Secretary-Treasurer and Director with the Management team in Vancouver. David, along with David Elliott and John Tognetti, purchased Haywood in 1985. David brings invaluable experience to Haywood with over 28 years in the industry. David has provided strategic advisory services to numerous companies in the mining and technology industries, and key accomplishments include his involvement in the funding stages and creation of Manhattan Minerals. Most satisfying for David has been sharing in the building of Haywood into a diverse and growing company filled with creative and entrepreneurial individuals.
Investment Risks
Without limitations, some of the risks include reserves and resource risk, development risks, permitting risks, off-take agreements, commodity price risks, geo-political risks, exchange rates, weather related impacts etc.
If you like this post, please take a moment to suscribe to my feed or Stumble/Digg it using the appropriate links at the bottom of this post! You can also post a link to it on relevant forums/bullboards. Also, feel free to debate, discuss or comment on the any of the stocks you see on this page in the comments section.
|